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Vouchers as Innovative Funding of Public Services

In: Innovations in Financing Public Services

Author

Listed:
  • Pekka Valkama
  • Stephen J. Bailey
  • Ian C. Elliott

Abstract

A voucher is an instrument issued by a principal that can be redeemed by the holder for a service, commodity or other such benefit provided by an agent. The principal is the organisation that finances and issues the voucher. The holder is the person receiving the voucher and, thereby, the service, commodity or other such benefit. The agent provides the service, commodity or other such benefit in exchange for the redeemable voucher.

Suggested Citation

  • Pekka Valkama & Stephen J. Bailey & Ian C. Elliott, 2010. "Vouchers as Innovative Funding of Public Services," Palgrave Macmillan Books, in: Stephen J. Bailey & Pekka Valkama & Ari-Veikko Anttiroiko (ed.), Innovations in Financing Public Services, chapter 11, pages 228-252, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-28206-3_11
    DOI: 10.1057/9780230282063_11
    as

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